Acquisition (Tables)

9 Months Ended

Nov. 23, 2012

Comparative Amounts in Prior Year Period

The charges incurred in the nine months ended November 23, 2012 associated with the aforementioned acquisition that do not have comparative amounts in the prior year nine month period are reflected on the Consolidated Statement of Operations as follows:

(In millions)	Contract asset impairment		Bad debt expense		Legal and advisory fees		Impairment of debt purchased		Total
Net sales	$	4.0	$	—	$	—	$	—	$	4.0
Administrative and general expenses		—		17.2		6.3		—		23.5
Other non-operating (income) expense		—		—		—		10.0		10.0
	$	4.0	$	17.2	$	6.3	$	10.0	$	37.5

Charges Reflected in Reportable Segment

These charges are reflected in the Corporation’s reportable segments as follows:

(In millions)	Contract asset impairment		Bad debt expense		Legal and advisory fees		Impairment of debt purchased		Total
International Social Expression Products	$	4.0	$	17.2	$	—	$	—	$	21.2
Unallocated		—		—		6.3		10.0		16.3
	$	4.0	$	17.2	$	6.3	$	10.0	$	37.5

Purchase Price Allocation

The following represents the preliminary purchase price allocation:

Purchase price (in millions):
Credit bid	$	37.2
Effective settlement of pre-existing supply agreement with the legacy Clinton Cards business		6.2
Cash acquired		(0.6	)
	$	42.8
Allocation (in millions):
Inventory	$	16.2
Property, plant and equipment		20.0
Intangible assets		7.1
Current liabilities assumed		(0.5	)
	$	42.8